This blog is a result of the heavy censoring of the media by the military dictatorship regime.

Monday, March 28, 2011

Regime still to allocate tax identification number to Freeman's company

By VICTOR LAL

On 8 July 2010, the acting Registrar of Companies of Fiji, certified that a company calling itself South Pacific Natural Resource Group Limited, be incorporated under the Companies Act.

The Memorandum of Association was presented by Messers Jamnadas & Associates, Barristers & Solicitors, Suva. Earlier, on 24 June 2010, the acting registrar was notified that the registered office of the above company will be situated at Level 6, FNPF Place, Suva.

While the company has a registration number (RCBS20102707), to date, curiously, it still does not have a TIN – Taxpayer Identification Number, which is an identification number used by Fiji Inland Revenue Department in the administration of tax laws. A TIN must be furnished on returns, statements, and other tax documents.

Directors and Secretaries

Who are behind the SNRGL? According to the Particulars of Directors and Secretaries, there were three directors at the time of the registration.

The first one was the controversial Ghanaian businessman Paul Kofi Freeman, who gave his nationality as Ghanaian, and his address c/o P O Box 14824, Suva. The second director was listed as Martin Gitonga Kamandu (reportedly a licensed nurse Coupfourpointfive March 17), who gave his nationality as a US citizen.

The third was Losalini Bainivalu, who gave her nationality as Fiji citizen. Like Freeman, the other two also gave their postal addresses as P O Box 14824. Bainivalu was listed as company secretary. She, however, resigned her positions on 30 November 2010.

The Declaration of Compliance with the Companies Act was presented by Mele L Rakai of Jamnadas, and was declared on 24 July 2010 before barrister and solicitor Tevita Bukarau, the former Native Lands Trust Board lawyer, who was jailed for two and a half years for consorting with people carrying firearms in parliament during the 2000 coup. The signatures of subscribers to the Memorandum of Association are listed as Makereta Nawani (conveyancing clerk) and Losalini Bainivalu.

According to the Memorandum of Association the SPNRGL’s share capital is $10,000 (Ten Thousand Dollars) Fiji divided into 10,000 shares of $1 (One Dollar) each, with power for the company to increase or reduce such capital.

It is worth pointing out that with the resignation of Bainivalu, Freeman and Kamandu are sole directors, and both foreigners, contracting the illegal regime’s much-vaunted chant that companies operating in Fiji must have 90 per cent local ownership.

Curiously, the much maligned Renee Lal (no relation to Victor Lal) seems to have played no part (at least from the Company Records) in the formation of the South Pacific Natural Resource Group Limited in July 2010.

13 comments:

Reading all these articles makes one think that Freeman is a big investor with millions of money and trying hard to do something in Fiji.

It is not the case. He is merely an agent. He is trying to make Fiji his play ground to make a buck. All he is trying here is to get few projects approved by authorities and then go around looking for investors to sell the project. Then he will gets his commission or finders fee as they call it in this business.

In saying that he gets money from somewhere to spend for his travel, accommodation and other lollies.

The question here is where is he getting this money. Certainly some illegal activities, black money, drugs etc.The challenge is find out true Freeman. Not this extravagant free advertising for him.

He got married in Fiji. Is he already a married man? what is the arrangement with the girl in Fiji? Is it purely money? What is the girl's back ground? Is she also another girl among 100's of girls Freeman is sleeping with? Most of all how can he still hang around in Fiji after all these? People in Fiji sleeping?????

the wife is francis raiwalui from tubou..their marriage is for convinience.....half the time she lives in Nadi with parents..and freeman flirts with street girls....He pretends that he is rich..wearing luxury....infact its china fake fallout jewellery....sa kua...he is a begger..operation vaqara..FTIB moce boko...

teri saidFreeman is been watched .he is a con artist.I saw him in scms ltd office with yogesh singh .yogesh wife is uma and peni kunatuba are shareholder with tim nobriga in scms ltd.freeman is using scms ltd to work with them nowafter he failed with his own company..ftib/fica/police/immigration should see if he has work permit.he went and had meeting with ministers and saying he do things for them nothing happen.he is pure con artist .he used martin funds.

Ok normal procedure to form a company in fiji and especially for law firms.....

form a company have staffs as shareholders, secretaries, or directors and when an investor is found sell this pre-formed company and withdraw all earlier shareholders and directors to hand that company to the investor.

so why drag the little chihuahua in all these stories such as losalini and makereta....

ok we hear about renee and dilip... all the time i think we ought to know more about freeman.... The Real Thing